Sei Investments Co. Cuts Position in Vertiv Holdings Co (NYSE:VRT)

Sei Investments Co. reduced its position in shares of Vertiv Holdings Co (NYSE:VRT) by 17.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 420,844 shares of the company’s stock after selling 87,777 shares during the period. Sei Investments Co. owned about 0.11% of Vertiv worth $47,812,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. increased its stake in Vertiv by 19.3% during the fourth quarter. American Century Companies Inc. now owns 3,322,527 shares of the company’s stock worth $377,472,000 after purchasing an additional 538,673 shares during the period. Virtu Financial LLC purchased a new stake in Vertiv during the 4th quarter worth about $5,142,000. Quantbot Technologies LP raised its position in Vertiv by 639.1% in the 4th quarter. Quantbot Technologies LP now owns 96,020 shares of the company’s stock valued at $10,909,000 after purchasing an additional 83,029 shares in the last quarter. Mindset Wealth Management LLC purchased a new position in shares of Vertiv in the 4th quarter valued at about $217,000. Finally, Oxford Financial Group LTD. LLC acquired a new position in shares of Vertiv during the fourth quarter worth about $1,697,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Barclays lowered their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Melius Research restated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Finally, Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Trading Down 0.6 %

Shares of Vertiv stock opened at $88.58 on Monday. The company’s fifty day moving average is $107.46 and its two-hundred day moving average is $111.41. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market capitalization of $33.73 billion, a P/E ratio of 69.20, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the previous year, the firm posted $0.56 EPS. Analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Vertiv Company Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.